BANK NIFTY TODAYS LOW IS AN IMPORTANT SUPPORT LEVELIf you see todays low this is an important level if you believe in HISTORY repeats you can see clearly white line upper and lower band bank nifty touched lower one and bouncing back axcept this many of the times it is taken support at this level shown by green arrow mark other than this my down side gann fan 1/4 line crosses previous gann fan line2/1 which is in orange and blue colored.
if you buy or sell thisn will be your decision becaus it is not my buy/sell call.
Community ideas
Asian currencies hit bottom: Pressure from the FedUSD Rises on U.S. Economic Strength and Trump’s Tax Policies, Dragging Asian Currencies to a 20-Year Low
Asian currencies fell to their lowest levels in 20 years as the USD maintained its strong position, fueled by the U.S.'s superior economic growth and President-elect Donald Trump's commitment to raising import taxes.
The Bloomberg Asia Dollar Index dropped to 89.0409 on Monday, the lowest since data began in 2006. The USD rally has been supported by the Federal Reserve's cautious stance on interest rate trajectories and expectations that Trump’s tax policies will exert inflationary pressures.
“USD will continue to appreciate against Asian currencies, but the degree will vary across countries,” said Alvin T. Tan, Head of FX Strategy at the Royal Bank of Canada. He noted that if U.S. trade protectionism materializes, it could be a "game-changer." Asian central banks might respond by allowing their currencies to depreciate in a controlled manner.
The Bank of Japan (BoJ) is drawing global investors’ attention as one of the few major central banks maintaining a tight monetary policy amidst a trend of easing. With plans to hike interest rates at least once in 2025, BoJ’s move is expected to have positive effects on the banking sector.
Notably, while BoJ intends to raise rates, the interest rate gap between Japan and major economies, especially the U.S., is expected to remain significant. This could put downward pressure on the yen, while simultaneously providing a competitive advantage to Japanese exporters. However, a potential risk lies in increased selling pressure on Japanese government bonds if BoJ opts for quantitative tightening.
Trading Strategy
The main trend for USDJPY remains strongly bullish in the long term, so it’s recommended to focus on buying at lower support levels to optimize profits and align with the dominant trend.
Strategy
Buy Zone: 157.200
Stop Loss (SL): 156.600
Take Profit (TP): 157.900
Sell Zone: 158.800
Stop Loss (SL): 159.300
Take Profit (TP): 158.000
Pay attention to full TP SL to protect your trading account
Etheryum Up or Down ! wait and see!Ethereum will follow the 3761 level and 3462 level between 06-01-2025 and 12-01-2025. If the resistance at the 3761 level is broken, it can go up to 3874, then if this resistance is broken, it can go up to 4008. If 3065 is broken, it can then decline to 3462. In wave cross, bearish signals started to come in 4H. When I look at the ligation map for 7 days, it is seen between 3243.4 (5.35B) and 4075 (1.08B). Longists stand out with 5.35B, which creates bearish instincts in us :)
We would be glad if you comment on the analysis. :)
Bharat Electronics Ltd (BEL)Observations:
Demand Zone : Identified between ₹269.50 and ₹280.80.
Supply Zone: Identified around ₹330.75.
BOS (Break of Structure) : Price has broken a significant structure, indicating potential bullish momentum.
CoCH (Change of Character) : Transition from bearish to bullish sentiment is evident.
Entry Point:
Enter long near the demand zone (₹269.50–₹280.80), preferably closer to ₹280 for better risk-reward.
Stop Loss:
Place the stop loss slightly below the demand zone, around ₹269.50.
Target (Take Profit):
Primary target at ₹330.75 (supply zone). This offers a favorable risk-reward ratio.
Risk-Reward Ratio:
Risk: Approx ₹10–₹15 (entry to stop loss).
Reward: Approx ₹50–₹60 (entry to target).
Additional Confirmation:
Monitor price action at the demand zone for bullish candlestick patterns or volume spikes before entry.
Invalidation:
Trade setup is invalidated if the price closes below ₹269.50 on higher timeframes (e.g., daily chart).
Will the Doge trend down?If Doge falls below 0.32440 between 06-01-2025 and 12-01-2025, the direction will be negative and our first support will be 36400. If it passes the 0.39439 resistance level above, 0.4239 is an important resistance level.
When I look at the ligation map, it is between 0.3373 (321,500M) and 0.4299 (209,45M) for 7 days, but the Longs are seen to have increased.
I would be happy if you comment on my analysis :)
Nifty Support and Resistance Levels for Monday 5th Jan Nifty Key levels:-
Resistance :- 24060 If sustains above long for the targets of 24150,24200,24250.
Support:- 23930 If sustains below short for the targets of 23840,23800,23750,23650.
As of now Nifty bullish look to buy on supports or breakout of resistance as long as nifty stays above 23800 it is bullish.
Educational purpose only do your own research before taking entries.
Banknifty This monthSL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in ITI
BUY TODAY SELL TOMORROW for 5%
Bitcoin Looks Like abc corrective wave in daily tf we can clearly see divergence on 17th December, when the price made higher high and oscillators made lower high. this is a bearish reversal divergence showing the weakness of strength. if the corrective pattern hold than BTC can take resistance at 99,902 till 101153 levels and if it falls than the support as per wave C of the corrective wave stands at 74000 till 73000.
Reliance - Is at attractive level to Buy & Invest nowRIL now around 1200-1250 levels is very good opportunity to buy and get invested for medium to long term profits. Price is at swing support and this low level was due to Elon entry into India and groupism by MF Manager to accumulate at lower levels. RIL recent land purchase at throwaway price and its business with NVDIA & Disney are few reasons to fetch more income to RIL. RBI mood to devalue to INR is +ve for RIL. Reliance is No - 1 company for 2 decades now. Stay Invested in this counter for good Profits. use this for educational purpose and consult your Advisor or take your own decision before Investing
Quess Corp Ltd view for Intraday 6th Jan #QUESS
Quess Corp Ltd view for Intraday 6th Jan #QUESS
Resistance 690-692 Watching above 692 for upside movement...
Support area 685 Below 685 ignoring upside momentum for intraday
Support 685 Watching below 684 or downside movement...
Resistance area 690
Above 680 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ICICI Bank Ltd view for Intraday 6th Jan #ICICIBANK
ICICI Bank Ltd view for Intraday 6th Jan #ICICIBANK
Resistance 1275 Watching above 1277 for upside movement...
Support area 1240 Below 1260 ignoring upside momentum for intraday
Support 1240 Watching below 1237 or downside movement...
Resistance area 1275
Above 1250 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
HDFC Bank Ltd view for Intraday 6th Jan #HDFCBANK
HDFC Bank Ltd view for Intraday 6th Jan #HDFCBANK
Resistance 1765 Watching above 1767 for upside movement...
Support area 1740 Below 1750 ignoring upside momentum for intraday
Support 1740 Watching below 1737 or downside movement...
Resistance area 1765
Above 1750 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Lupin Ltd view for Intraday 6th Jan #LUPIN
Lupin Ltd view for Intraday 6th Jan #LUPIN
Resistance 2400 Watching above 2406 for upside movement...
Support area 2310 Below 2360 ignoring upside momentum for intraday
Support 2310 Watching below 2297 or downside movement...
Resistance area 2400
Above 2330 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
POSITIONAL TRADE WITH EXPECTED 70% GAIN >>>> PLEASE AVOID FNO REPOSTING AS FRESH IDEA
EARLIER POSTED ON Dec 22, 2024
LUPIN
LTP 2150
Rounding Bottom / ARC Formation
It might come down till 1900 & 1600
To form Cup & Handle
So its add on dips
with Indicative SL CLB @ 1490
Target till 3600
PLEASE DONT TRADE UNDER FnO
Don't miss to Boost this idea
For more info - Plz visit my profile & follow me
Rgds,
Naresh G
Sebi Reg. RA
Is TATASTEEL Trading At A Fair Valuation?NSE:TATASTEEL has been falling since 185 rupees and has reached about 50% retracement level today from the last swing. Though this stock is in surveillance as the PE is above 50, But also considering the PB of less than 2 and other similar factors, It may not be that bad after-all.
Technically speaking, The stock is trading at an RSI of about 30 on daily, and there is a bullish divergence on hourly chart.
There is a doubt in my head due to the new Virus news sentiments. If it goes to 120, It would be trading around 61.8% retracement which would be an ideal buy for me. Currently I am tracking this stock and considering an early buy at 132-133 range.
~ Trading Idea by Dr. Sagar Bansal via @jyotibansalanalysis